The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-07-24
COTTON EXCHANGE OFFICIAL FIGURES.


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During the present season Of 1885.
81 there has been received up 10
date, July 2Sj, 682 100 bales OF the
value Of nesrly $500, 0,000. Tbess
statistics show wonderful increase In
receipts OF the hsecy staple during thu
past few Yeas. The increase lat sea.
SON over the seaeon OF lSSt85 was
1l5,439 bales, and the increase this
season, mp to date, over tho receipts Of
the entire season Of 1886 SO, is 49,
033 bales.
This great branch Of trade has made
Memphis whst IL is-one OF the great
eet commercial cities OF the country.
Situated on the border line OF three
States-Tennessee, Arkansas and Mis-.
sissippi--it has superior advantages 90
q collecting and distributing m rket,
not only for the above named s atss,
but for portions OF Alsbams, Lonis.
ianp, Texas aud Missouri, advantages
made permanent and Interchangeable
by q net work Of nine railroads cen.
tering here, end fonr ether roads I'M
dergoipg completion.
The coming season Of 1888, from
the present outlook, will be the ba1-
ner cotton season u Memphis. An
immense crop Ia almost assured, and
OF this crop MewpAis expects TO secure
SOO, 900 bales. Beirg In the very cen
ter Of the cotton belt, her meichanls
are reaching GU. ard gathering in its
untold wealth Already the second
largest spot cotton mirket Of the
United States, second only 10 New Or.
leans in the quantity received and
shipped, ard being the larsest inland
cotton market In the world, II will lot
be many yeaIs before ahe will stand
without 9 rival, owing 10 her com
mandirg position on 20 location, be-
cause within the circle tributary 10 her
trade, considerably over 100000
bales o'fcoilon are grown.
Memphis is the very best cotton
market. During the present season
cotton cent 70 Memphis has real zsd
the prod ucers far more than !. would
have realz.d at s.. Louis or
New ofleans. This IL due 10 the
promptness and intelligence with
which cotton Is handled and prepared
for market by our factors. They are
men who thorouehly understand the
trade and the markets OF the oountrJ
They cell to tie best advantage for
their patrons, 10 whom they iurniRh
Quick ard honest settlements. The
large amout OF cotton Is drawn here
byadyancea e money 20 country mer.
chants and planters 10 raise aud
gather the crop, and 30 this nerke,
buyers from Enplopd, ihe confident OF
Europe and from our eastern mills,
arc attracted annually. Memphis has
about 40 firms q buyers and some
sixty firms Il factors. or the buyers
pome tyeniy.three buy for foreign &C.
count end shout seventeen Tor the
Eas.gTn tpinnefs. Then there are
firms who boy both for home aud for.
eigp account.
The Bud City pofstssee unusual ad
vaniages for handling cotton, ard nj
rates unknown 10 other cities, thereby
giving her wonderful advantage ovei
her riyals-advaniags which con1ucs
to the benefit Of producers. The ex
psnses incident 10 handling cotton Al
New Orleans during the present and
past seasons have materially injured
the cotton business Of the Crescent
City, and have decreased her cotton
receipts wonderfully, while al Mem
phis expenses Of this cbsract' are 70
- duced 10 q minimum. The alert bu'i
mess men Of Memphis, through III,
Merchants Cotton Pfts and slorsg'
Company, Of which the energetic an
indefatigable Col. ii. A. Nor tgomSr,
Ia superintendent, have been prepar
ing for the crop oil next season by Ia
creasing the cotton storage capacity
Al presen. the storpge capscity, unde
cover al one time, IL i50, coo bales, bu
by September next the storage capacI
~, under cover al one time, will b
10000 balep, which will give a hand
ling capacity for the year round 0
100000 bales During The past seasol
four powerful presses were running
and now two new ones are being e,ec,
ed. The estimated capacity OF tbs sii
presses Ia 10 comrrefs 1000 bales pc
day. In the press warehouses there |
a capacity oi 61,0O0 bales on head a
one time, ship NAKED. Three Of thee
immense presses are 10 the Navy Var
and have q cipscily II 5000 bales ri
head ship marked. lie addition % N
facilities Of tho Navy Yard CompTesse
proper, immenfe plea have bse
driven ont 10 deep wafer on The rive
front this year, distance Of 1900 fee
which gives a. great facilities 10 fec
OF river stesaers a. ono time, a. give
30 the two great rallroai lines, IN
Louisville and Nashville ard IN
Chesapeake and o n, on the essl cid
Of this property. Tbs presses OF N
Merchants Cotton Press and S'orae
Company arc now all 10 located tbs
the loading Of cotton either on ca
steamer or barge IL done with N
greatest OF eass and Dispatch and o
the most economical plan.
An immense crane has been place
midway the travAraea on the rive
dock and this bandles the steamboI
and barge gang planks with the grea
est quicknesB, 10 that boat hatdl
touchel the whafi OF dicks Of tho MI
slsslppi nver ir nj before cotton
being shot aboard ~ a speed Of pc
haps Eve bales per minute.
The Merchants % ton Pregs m
Storage Company has expended SO
900 IN the erection Of a nev and nov
erful prefs bfoughtfrom Norfolk, Va
and u stands midway between o.
bonn aud Georgia streets. There
600 feet space on each aide OF n
press and esch 600 feet hes The tract
OF the Louisville, New Orleans hr